TAG Oil Blog

2014 New Zealand Petroleum & Minerals Block Offer Awards

Posted by Denise della Santina on Dec 16, 2014 2:31:00 PM

Every year, the government of New Zealand allocates petroleum exploration permits in an annual tender called a Block Offer. This year’s was the most successful to date, with 15 permits granted, totaling 405,000 square kilometers. There was strong interest from existing operators and new players, paying off New Zealand Petroleum & Minerals’ efforts to raise awareness of New Zealand’s oil and gas exploration potential, and the government’s commitment to support responsible investment in petroleum exploration. 

TAG Oil received both permits that we bid on, both located in the Taranaki Basin: Permit 57065 (“Sidewinder North”) and Petroleum Exploration Permit 57063 (“Waiiti”), adding 36,781 acres to the Company’s portfolio. As noted in a press release late last week, the permits are situated in a prolific oil and gas production fairway in close proximity to producing oil and gas fields, making them strategic for TAG, and complementary to our existing producing operations.

Sidewinder North provides an opportunity to extend TAG Oil’s known Sidwinder oil and gas discovery play area, while Waiiti gives TAG the opportunity to explore for both shallow Miocene oil and deep Eocene condensate-rich gas, where a prior operator encountered significant elevated gas and oil shows. 

Tag OilNew Zealand Country Manager Max Murray (left) at the ceremony with Minister of Energy and Resources, Simon Bridges (right). 

Topics: Taranaki, Announcements

Cheal-E6 well perforated and production testing starts

Posted by Denise della Santina on Dec 9, 2014 1:28:00 PM

Here are some shots of our capable contractors dropping the bar to perforate the Cheal-E-JV-6 well, as we initiated production testing.

The Cheal-E6 step-out well was successfully drilled to 1,939 meters (6,360 feet), and it fulfilled its main objective: to intersect oil- and gas-bearing sands in the Mt. Messenger Formation. It’s interpreted to have intersected more than nine meters (29.5 feet) of net oil- and gas-bearing sands, and the well is being completed as a potential oil well with production testing underway.

Results will be known after we have a few weeks of production testing under our belts. Now it’s on to TAG’s Cheal-E7 well!

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Topics: Cheal oil and gas site, Cheal Oil Field